Skip to content
Funso Doherty

A Life of Service.

From Lagos roots and formative education to a career spanning finance, investment management, public leadership and governance.

Early Life and Education

Lagos roots, school and university.

Funso was born in Lagos on 16 June 1968. His father, the late Dr Henry Aderounmu Aremu Doherty, a medical doctor, was also born in Lagos, in 1900, to “Oga” Josiah Henryson Doherty, popularly known as “the prince merchant of Alakoro”. His paternal grandmother, Germana, was from the Reis family. Funso's mother, Gladys Urunowonekawo Kirstein, who died in September 2024, was born in 1931 to an Itsekiri mother, Mary Kponuko Eyesan, and a German father.

Funso grew up on Wakeman Street (now Borno Way) in Yaba. His father ran a private medical practice on Aje Street, after a career as a medical officer dating back to the colonial administration, which he joined after completing medical school in Glasgow, Scotland, in 1926. His mother retired from the then National Electric Power Authority after 35 years in the civil service.

At Corona School, Victoria Island, he was appointed Head Boy, and he completed his primary education in 1979. He went on to King's College Lagos, his father's alma mater (Dr Henry Doherty finished there in 1918). At KC he was a Federal Government Academic Scholar, and he received the school's Service to College Life award: his peers elected him Form Captain for four consecutive terms.

He read Accounting at the University of Lagos, graduating with Second Class Upper Division honours in 1990. At Unilag he was a member of the ABC Club, and his peers elected him Chief of the club.

Career

Accounting, investment management and pensions.

His National Service began at the Yikpata orientation camp in Kwara State, where he was Platoon Leader. For his primary assignment he taught for a year at a rural community secondary school in Okehi Local Government Area, then in Kwara State and now in Kogi State.

After NYSC in 1991 he was selected for the Lagos office of Arthur Andersen & Co. (now KPMG), on about ₦1,800 a month. In three years there he trained in Nigeria and abroad and rose quickly to Senior. Not wanting a career in accounting practice, he left in 1994, after passing the qualifying examinations of the Institute of Chartered Accountants of Nigeria.

In 1994 he joined Asset & Resource Management Company, then part of the Guaranty Trust Bank group, at its inception. He specialised in investment management and became one of the pioneers of Nigeria's mutual fund industry.

In 1999 he began the MBA programme at Harvard Business School, graduating in 2001. That year he joined the Investment Management Division of Goldman, Sachs & Co., and he was in downtown Manhattan when the World Trade Center was attacked on 9/11. He then joined PNC Advisors, the investment management business of the PNC banking group, as a Vice President at its head office in Pennsylvania.

He came home in 2005 as the pioneer Managing Director/CEO of ARM Pension Managers and led it from inception to become one of Nigeria's leading pension fund administrators. He led the pension industry's first major merger and acquisition, and his fellow operators chose him as the pioneer Chairman of the Pension Fund Operators Association, the umbrella body of all licensed pension operators.

He moved on in 2011 to private investing and set up Doherty and Company. From 2014 to 2017 he partnered with the African Capital Alliance group, after it bought out its joint venture partner's interest in ValuAlliance Asset Management (formerly SIM Capital Alliance), and served as Managing Director/CEO and co-investor. In 2017 the then Acting President nominated him as Director-General of the National Pension Commission, with a new slate of commissioners; the appointments were never concluded or sent to the Senate for confirmation.

In 2022 he completed his tenure as Managing Director/CEO of PAL Pensions, where he led a nationwide team managing over half a trillion naira in assets. He is a CFA charterholder, a co-founding trustee of CFA Society Nigeria and a member of the Institute of Chartered Accountants of Nigeria.

Public Life

A continuing commitment to Lagos and public service.

In 2023 Funso ran for Governor of Lagos State, and he has remained actively involved in politics and governance. In April 2026 he declared again that he would run for Governor in 2027, and in May 2026 he joined the Nigeria Democratic Congress.

On 8 October 2026 the party unveiled Tolani Animashaun as his running mate, alongside Ọ̀nà Tuntun, the campaign's 34 commitments for Lagos.

Why I'm runningRead Ọ̀nà Tuntun

Family and Home

Family, reading and running.

Funso and Orode are blessed with three children: Anuoluwakiitan (Kiitan), Oluwasijibomi (Siji) and Riritarioluwa (Tari).

They married in 1995. Orode Omolara Williams is of the Williams family of Olowogbowo, Lagos. Her father was the late Professor Babatunde Williams, and her mother the renowned Professor of Mathematics Education and former Vice Chancellor, Grace Awani Alele-Williams, of blessed memory. In 1999, as Funso began at Harvard Business School, Orode was admitted to Harvard's School of Public Health; both graduated in the summer of 2001.

Funso reads widely and has been a runner for many years. These days he typically runs 5k three or four times a week.

Funso Doherty and Orode Doherty.
Funso and Orode Doherty.

See his journey

Lagos Is Ours to Build. Together.

Donate to the campaign, or join as a volunteer.

Choose an amount
₦

Prefer to give your time?

Volunteer with us

Giving from the US?